Sabre Corporation 6.50% Series A Mandatory Convertible Preferred Stock
SABRP
SABRP was delisted on the 31st of August, 2023.
20 hedge funds and large institutions have $151M invested in Sabre Corporation 6.50% Series A Mandatory Convertible Preferred Stock in 2023 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 7 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
9% less funds holding
Funds holding: 22 → 20 (-2)
27% less capital invested
Capital invested by funds: $207M → $151M (-$55.9M)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
Top Sellers
| 1 |
Russell Investments Group
London,
United Kingdom
|
-$15.2M |
| 2 |
SC
Sculptor Capital
New York
|
-$13.1M |
| 3 |
Morgan Stanley
New York
|
-$8.32M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$5.76M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$5.52M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
26
Prelude Capital Management
New York
| – | -$423K | -5,028 | Closed |
|
27
JP Morgan Chase
New York
| – | -$135K | -1,600 | Closed |
|
28
UBS Group
Zurich,
Switzerland
| – | -$4.54K | -54 | Closed |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| – | +$320 | +4 | New |
|
SABRP Hedge Fund Activity: Q1 2023 in Review
20 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Sabre Corporation 6.50% Series A Mandatory Convertible Preferred Stock (SABRP) for Q1 2023, worth a combined $151M — down 27% from $207M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SABRP and 5 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 6 added.
The largest buyer was Bank of Montreal, opening a new position worth an estimated $18.4M. The largest seller was Russell Investments Group, cutting an estimated $15.2M.
- 20 institutional investors held Sabre Corporation 6.50% Series A Mandatory Convertible Preferred Stock (SABRP) as of Q1 2023, down from 22 in Q4 2022.
- Funds reported $151M of Sabre Corporation 6.50% Series A Mandatory Convertible Preferred Stock stock for Q1 2023, down 27% quarter-over-quarter.
- 5 funds opened new Sabre Corporation 6.50% Series A Mandatory Convertible Preferred Stock positions in Q1 2023 and 7 closed out, a net change of -2 holders.
- The largest Sabre Corporation 6.50% Series A Mandatory Convertible Preferred Stock buyer in Q1 2023 was Bank of Montreal, an estimated $18.4M added.
- The largest Sabre Corporation 6.50% Series A Mandatory Convertible Preferred Stock seller in Q1 2023 was Russell Investments Group, an estimated $15.2M sold.
Based on aggregated 13F filings for Q1 2023.